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Accountancy for 11-12th Bank Reconciliation Statement Bills of Exchange Depreciation, Provisions and Reserves Financial Accounting And Economics Financial Statements – I Financial Statements – II Introduction to Accounting Recording of Transactions – I Recording of Transactions – II Theory Base of Accounting Trial Balance and Rectification of Errors Unit 1-Financial Accounting(Part A)Theoretical Framework

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Free CBSE - Class 11 Accountancy worksheets

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1.
A customer has filed a suit against a trader who has supplied poor quality goods to him. It is known that the court judgment will be in favour of the customer and the trader will be required to pay the damages. However, the amount of legal damages is not known with certainity. The accounting year has already been ended and the books are now finalised to ascertain true profit or loss. The accountant of the trader has advised him not to consider the expected loss on account of payment of legal damages because the amount is not certain and the final judgment of the court is not yet out. Do you think the accountant is right in his approach.
2.
State how the GST rates will be applicable if \(CGST\) is 9%, \(SGST\) is 9% and \(IGST\) 18% in each of the following situations: Goods worth ₹ 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharastra.
3.
State how the GST rates will be applicable if \(CGST\) is 9%, \(SGST\) is 9% and \(IGST\) 18% in each of the following situations: Dealer A sell goods worth ₹ 25,000 to Dealer B in Gujarat.
4.
State how the GST rates will be applicable if \(CGST\) is 9%, \(SGST\) is 9% and \(IGST\) 18% in each of the following situations: Sunita sell goods to Ravindra in Rajasthan worth ₹ 65,000.
5.
‘The accounting concepts and accounting standards are generally referred to as the essence of financial accounting’. Comment.
6.
Discuss the concept-based on the premise ‘do not anticipate profits but provide for all losses’.
7.
What is the money measurement concept? Which one factor can make it difficult to compare the monetary values of one year with the monetary values of another year?
8.
Why is it necessary for accountants to assume that business entity will remain a going concern?
9.
When should revenue be recognised? Are there exceptions to the general rule?
10.
What is the basic accounting equation?
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Top Tutors who teach CBSE - Class 11 Accountancy

Manu Monga Accountancy in Ghaziabad
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Hiba Khaleel

We took online mode from outside india, All classes held on time with excellent explanation and clear communication. Positive recommendations from my side.

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Joydip Chakraborty

Horrible experience with Mr Sheshadri, he does not explain any concept, just asks the student to read and no matter what he tries to appreciate the student and give false hope that he we score 100 etc. and tries to impress the student and the parent. He never corrects the student, does not check the paper. please do not go with him.

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Before joining ankit sir’s classes I used to struggle with accounting entires but sir made the fundamentals very clear and helped me a lot.

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Accountancy for 11-12th Bank Reconciliation Statement Bills of Exchange Depreciation, Provisions and Reserves Financial Accounting And Economics Financial Statements – I Financial Statements – II Introduction to Accounting Recording of Transactions – I Recording of Transactions – II Theory Base of Accounting Trial Balance and Rectification of Errors Unit 1-Financial Accounting(Part A)Theoretical Framework

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